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Goguen

ADA/USDT Consolidation before the launch of smart contracts?Cardano consolidates into a narrow range since the April crash occurred. Smart contracts with the launch of the Goguen era are set for September. Together with this we expect Cardano to outperform the crypto market massively. However, it's still a long way to go and it seems possible we see a short term downwards correction before we go for higher price targets. Daily chart on the left hand side: - The volume decreases since the April crash. - We see a strong resistance around 1.45$ - We see a strong rising support line currently around 1.1$ - The RSI did bounce at the 30 line but still is within a downtrend. Here we look for a higher low before we talk about a trend reversal. 4h chart on the right hand side: - We potentially look at an upcoming golden cross for the 50 and 200MA. We expect further consolidation due to the fact that it still takes some time for Goguen to be implemented. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
2
Keep It Simple And Plan To Take ProfitsWe saw what we needed to see from ADA, and we've passed our .702 Fib Retracement from the previous all time high in 2018. I planned to take profits at $.90. And I did, 25%. This will be used to reinvest in any future dips that ADA will have. Looking at the daily, I don't think we're slowing down just yet. ADA has been steadily increasing from day to day, and honestly it makes me nervous. These parabolic moves are crazy. And I think this is just the beginning. Seeing as how Goguen will bring smart contracts to ADA by the end of February, with ETH interoperability on the way. I don't think its time yet to take too much off the table. Next stop will be a solid candle body at $1. This is also the .786 Fib Retracement from the 2018 ATH. I think that a lot of traders are going to have sell orders at $1.00, dropping the price. This is when I plan on taking that 25% and putting it back at the $1 dip. It's a bull market, shorting is not the best idea for me. And, since we typically only see a bull market every 4 years, my next big profit pull (35%) is projected at $1.40. Happy trading my friends. NOT FINANCIAL ADVICE.
BINANCE:ADAUSDLong
by Mr_Joshua_XRP
3
Taking Profits 😎There isn't a lot to go off of when it comes to ADA Cardano. One solid pump and dump when Cardano first hit the exchanges...and that's about it. I took a Fib Retracement AAALLL the way back to the beginning. Since it has been so long and the Cardano program has come such a long way, I think we are in for a treat. Cardano is a long hold for me. I personally believe in the project. I believe in IOHK. I believe in the functionality and staking. And most importantly, I believe in Charles Hoskinson. That being said, I'm going to do what I usually do. Take profits at the .702 Fib and set a Stop-loss at the .786 with a 5% re-entry to a long. On this chart, I plan on taking 35% profit at the .702 ($.90) while I let the rest of the bag ride to the .786. My stop-loss will initiate at the .786 in preparation for a natural correction (on the daily chart). If we do have a correction, I plan on waiting for a green candle plus 1 confirming green candle indicating a reversal to the upside. More than likely, we will continue on a bull run past the ATH (Gold line) into price discover. At which point I will reevaluate the climb to the top. Goguen will be a game changer, and it's coming in a couple months, and so is the possible Coinbase launch. If this happens, its anybody's guess as to where the top will be. Pack your bags now, or get in at the bottom of the correction (dip/double confirming green candle). Happy trading my friends. NOT FINANCIAL ADVICE.
BINANCE:ADAUSDLong
by Mr_Joshua_XRP
4
ADA has a bright future! Whenn looking at the TA, we can see that ADA broke out at the date: 29 december, reason is probably, because at break out point, ADA didn’t hitted any resistance . so thats the reason it think, why he increased so much last month. The Graphic show’s higher lows, so its building momentum! I think, he will hit support one more time, and then goes back to resistance around 0.32. If they release the Goguen then, it probably will brake, otherwise he will go back to support. No worries than! There is space enough for Can this increase continue? Yes i think it will. There is a verry small resistance around 0.32, but i think that the news of Goguen will brake this resistance easily. And then? Who know’s Project cardano GOGUEN, release date: March Influence on the price: When we look at the last important release from Cardano: Shelley on the 7th of july whe saw the price increasing 86%. Also the volume increased enorm. If Goguen can do the same, we can see a price around 0.55 after the release. For Cardano, the implementation of the Goguen era will take their smart contracts a step further towards "smarter contracts". Smarter contracts eliminate the need for manual intervention for interactions on a particular blockchain. Still, the Goguen mechanism will not prioritize ADA transactions and contracts over other tokens issued on Cardano, as Ethereum does for the Ether. Compared to other Altcoins Cardano has a huge future, because Cardano works on the proof-of-stake-algoritme named Ouroboros. No other Altcoin runs on this blokchain, eventho this is 10 times safer. Because of that people want to invist in coins ruining on these blokchains. ETH tryd it, but failed. According Fang. Interest in Cardano is increasing Cardano has been looking to resolve issues that previously occurred on other platforms such as Ethereum and Ripple. This aspect allows the platform to attract more investors. Looking at the structure of the structure, it becomes clear that Cardano has seen continued support from its investors. The share of hodlers was consistently more than 50%. However, the share of traders has also risen significantly in 2020, proving that ADA is starting to see more volatility ahead of Goguen’s official launch.
by timlange2210